Five-day working week, improvement in dearness allowance scheme and provision for housing for all employees are some of the demands that would be put forth by the banks unions during the industry-level wage revision talks with the Indian Banks Association (IBA) in Mumbai on Tuesday.
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IBA, which has invited the bank unions, will be represented by its chairman Rajeev Rishi, while on the union side, it will be represented by C.H. Venkatachalam, General Secretary, All India Bank Employees’ Association and leaders of all the nine unions belonging to the United Forum of Bank Unions.
“The tenth bipartite settlement on wage revision for 10 lakh bank employees and officers will come to an end during October 2017. The next wage revision is due from November 2017. Hence, we have to start early to finish it soon without any delay,” Mr. Venkatachalam said.
According to him, 43 banks in public sector, private sector and foreign banks will be covered by the new settlement. AIBEA has objected to the recent statement by RBI Deputy Governor Viral Acharya on re-privatisation some of the public sector banks, and demanded its withdrawal.
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“Everyone including Mr. Acharya knows that the bulk of the bad loans are due to big defaulters and private sector is the contributor of 97% of the bad loans. If RBI cannot recover the money, it cannot be put on us or the nation at large,” Mr. Venkatachalam said.